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summerstay comments on Applied Picoeconomics - Less Wrong
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That's a stupid quote. The fact that it's often attributed to Ben Franklin is even more ridiculous. Insanity (psychological problems) rarely includes that as a symptom, and even when it does it's only a small part of the problem. (OCD doesn't count, because the compulsion doesn't include a belief that this time will be any different.)
Replace "insanity" with "stupidity" and the quote isn't quite as stupid.
Oh, it's not so bad a quote. If we define sanity around here as being more Bayesian (that's the waterline we're trying to raise, right?) then defining insanity as refusal to update when more data comes would make sense.